Dover Corporation (DOV) has risen sharply, recording gains of 2.93% in the past 4 weeks. However, the stock has corrected -1.16% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 3.14% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Company shares have received an average consensus rating of Hold for the current week The stock has recorded a twenty day Moving Average of 0.63% and the fifty day Moving Average is 2.85%. Dover Corporation is up 10.16% in the last three month period. Year-to-Date the stock performance stands at 21.53%.
Dover Corporation (DOV) stock is expected to deviate a maximum of $9.33 from the average target price of $75 for the short term period. 10 Street Experts have initiated coverage on the stock with the most promising target being $87 and the most muted being $59.
Dover Corporation (NYSE:DOV): On Fridays trading session , Opening price of the stock was $73.91 with an intraday high of $74.385. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $73.17. However, the stock managed to close at $73.52, a loss of 0.23% for the day. On the previous day, the stock had closed at $73.69. The total traded volume of the day was 670,938 shares.
Dover Corporation (Dover) is engaged in the manufacturing of equipment, components and specialty systems. The Company also provides supporting engineering, testing and other services. The Company operates through four business segments: Energy, Engineered Systems, Fluids, and Refrigeration & Food Equipment. The Energy segment serves the Drilling & Production, Bearings & Compression and Automation end markets, and provides solutions and services for production and processing of oil, natural gas liquids and gas around the world. The Engineered Systems segment manages its products and services through two business platforms, Printing & Identification and Industrials. The Fluids segment is focused on the handling of critical fluids across the retail fueling, chemical, hygienic and industrial markets. The Refrigeration & Food Equipment segment provides equipment and systems serving the commercial refrigeration and food service industries.